{"id":3722,"date":"2019-03-06T09:35:12","date_gmt":"2019-03-06T09:35:12","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=3722"},"modified":"2019-03-06T09:35:12","modified_gmt":"2019-03-06T09:35:12","slug":"andrew-wyllie-to-retire-from-costain-after-14-years-at-helm","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/andrew-wyllie-to-retire-from-costain-after-14-years-at-helm\/","title":{"rendered":"Andrew Wyllie to retire from Costain after 14 years at helm"},"content":{"rendered":"<p>Andrew Wyllie is retiring as CEO of Costain after 14 years leading the business.<\/p>\n<p>His replacement is current <span class=\"co\">managing director of the group&#8217;s natural resources division Alex Vaughan who will take charge in May.<\/span><\/p>\n<p>Wyllie will now pursue a non-executive career and he <span class=\"co\">recently took up the presidency of the Institution of Civil Engineers<\/span>.<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"164828\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.biositesystems.com%2Fconstruction-workforce-difficulties-post-brexit%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/059.1-MPU-300x250 (1).gif\"\/><\/a><\/div>\n<\/div>\n<p>He said: &#8220;<span class=\"axa\">It has been a great privilege for me to be chief executive of Costain for the last fourteen years.\u00a0 <\/span><\/p>\n<p><span class=\"axa\">&#8220;Much has been achieved over that time as a result of the combined efforts of an outstanding team and I would like to thank my colleagues for their support and commitment.\u00a0 <\/span><\/p>\n<p><span class=\"axa\">&#8220;With a clear strategy, strong balance sheet and a record order book, the business is in an excellent position to deliver further growth in the future.&#8221;<\/span><\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"122797\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fwww.google.com%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"\"\/><\/a><br \/>\n<SCRIPT language='JavaScript1.1' SRC=\"https:\/\/ad.doubleclick.net\/ddm\/adj\/N6250.2036112CONSTRUCTIONENQUIRE\/B22323192.240763326;sz=300x250;ord=[timestamp];dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=?\"><br \/>\n<\/SCRIPT><\/div>\n<\/div>\n<p>Wyllie unveiled another strong set of results for the year to December 31 2018.<\/p>\n<p><a href=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/alex-vaughan.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-299393\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/alex-vaughan-390x299.png\" alt=\"\" width=\"390\" height=\"299\" \/><\/a><\/p>\n<p><em>Alex Vaughan will take over as\u00a0 CEO in May<\/em><\/p>\n<p>Pre-tax profits dipped slightly to \u00a340.2m from \u00a341.8m as group revenue fell to <span class=\"awp\">\u00a31,489.3m from \u00a31,728.9m.<\/span><\/p>\n<p>Costain had an <span class=\"axa\">average month-end net cash balance of \u00a377.1m during the year.<\/span><\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"145884\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fndtg.training%2Fccdo-card%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/CCDO-Banner-Loop.gif\"\/><\/a><\/div>\n<\/div>\n<p>Wyllie said the company was well placed to enter a &#8220;<span class=\"axa\">new era defined by the start of the Fourth Industrial Revolution.&#8221;<\/span><\/p>\n<p>He said: &#8220;<span class=\"axa\">The Fourth Industrial Revolution is now having a global impact and is characterised by a fusion of technology breakthroughs that are blurring the lines between the physical, digital and biological spheres. <\/span><\/p>\n<p><span class=\"axa\">&#8220;These breakthroughs are occurring in a number of fields including artificial intelligence, robotics, nanotechnology, quantum computing and biotechnology.<\/span><\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"161795\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fconcreteshow.co.uk%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/ukcs 320x260 2019 NEW 2S.jpg\"\/><\/a><\/div>\n<\/div>\n<p class=\"ayc\"><span class=\"axa\">&#8220;We are therefore seeing a rapid change in the spending patterns of our clients, with the deployment of emerging technology being core to their next generation of infrastructure solutions.<\/span><\/p>\n<p class=\"axm\"><span class=\"axa\">&#8220;We are strategically positioning Costain at the forefront of this revolution, transforming the business into a leading smart infrastructure solutions company. <\/span><\/p>\n<p class=\"axm\"><span class=\"axa\">&#8220;This differentiation is allowing us to seize the wide array of exciting opportunities being created for our business. <\/span><\/p>\n<p class=\"axm\"><span class=\"axa\">&#8220;Our considerable expertise across the integration of technology, consultancy, asset optimisation and complex delivery services places Costain well in this rapidly-evolving market.&#8221;<\/span><\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"163817\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fwww.constructionenquirer.com%2Fdirectory%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/enquirer_directory_mpu.gif\"\/><\/a><\/div>\n<\/div>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"94471\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fwww.wicona.co.uk%2Fen%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/W_CE_140818.gif\"\/><\/a><\/div>\n<\/div>\n<p class=\"axm\"><span class=\"axa\">\u00a0<\/span><\/p>\n<p>from Construction Enquirer https:\/\/ift.tt\/2VyQLIm<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Wyllie is retiring as CEO of Costain after 14 years leading the business. His replacement is current managing director of the group&#8217;s natural resources division Alex Vaughan who will take charge in May. Wyllie will now pursue a non-executive career and he recently took up the presidency of the Institution of Civil Engineers. He [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":153,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-3722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=3722"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3722\/revisions"}],"predecessor-version":[{"id":3723,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3722\/revisions\/3723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/147"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=3722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=3722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=3722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}